$6.7 million extended-stay hotel planned in Richland
A new extended-stay hotel is going up near Kohl’s, Mor Furniture and the Holiday Inn Express on Tapteal Drive in Richland.
The $6.7 million project has a targeted opening of late 2018. The four-story WoodSpring Suites will feature 122 rooms and a fitness center.
Construction financing is still being finalized and a planned ground-breaking of Feb. 1 has been pushed back. Construction is expected to take 11 months.
The site overlooks Highway 240 to the north.
There are two WoodSpring Suites hotels in Everett and Redmond, and project coordinator Kerri Findlay said the Richland hotel will include a similar “Northwest vibe.”
WoodSpring Suites follows a “lean operating model,” with minimal staff, Findlay said. The hotel is expected to employ about seven to 10 people once it opens.
Findlay said the properties operate similar to an apartment building, with unit cleanings every two weeks instead of nightly for long-term guests. Typical customers are people in need of transitional housing or contract workers.
The hotels are pet-friendly with in-room kitchens.
The hotels are considered basic economy in the extended-stay model, similar to competitors like MyPlace or Extended Stay America.
Prices advertised at the Everett WoodSpring Suites property were $70 a night and rates in Redmond were listed at $85 nightly.
Customers can stay nightly, weekly or for a long-term basis.
WoodSpring Suites reports averaging a new hotel opening “every few weeks” with dozens of hotels in development, according to its website.
WoodSpring is part of a national chain of 240 extended-stay hotels that was recently acquired by Choice Hotels International for $231 million. Choice Hotels includes 6,500 properties, including brands like Sleep Inn, Clarion and Econo Lodge, among others.
This project is being developed by West77 Partners, a real estate investment company based out of Bellevue, with Richland Hotel Holdings LLC listed as the owner.
This first Tri-Cities’ WoodSpring Suites is part of an immediate plan to bring six WoodSpring hotels to the state, with construction on two other properties scheduled to begin later this year in Kent and Lakewood.
The company’s long-term plan is to open 25 WoodSpring hotels throughout the state, mainly in and around Seattle.